Company No: 07154773 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Dr R M Hennebry
	Dr V Hennebry

REGISTERED OFFICE	64 Sheen Road
	Richmond
	TW9 1UF
	United Kingdom

COMPANY NUMBER

07154773 (England and Wales)

ACCOUNTANT	Shaw Gibbs Limited
	Wey Court West
	Union Road
	Farnham
	Surrey
	GU9 7PT

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	2,816,028		2,861,176
Tangible assets	4	1,576,631		1,662,195
		4,392,659		4,523,371
Current assets
Stocks		35,414		63,797
Debtors	5	191,747		241,693
Cash at bank and in hand		1,917,135		1,161,948
		2,144,296		1,467,438
Creditors: amounts falling due within one year	6	( 3,366,539)		( 2,289,759)
Net current liabilities		(1,222,243)		(822,321)
Total assets less current liabilities		3,170,416		3,701,050
Creditors: amounts falling due after more than one year	7	( 267,213)		( 1,488,582)
Provision for liabilities	8	( 35,308)		( 43,805)
Net assets		2,867,895		2,168,663
Capital and reserves
Called-up share capital	9	10		10
Profit and loss account		2,867,885		2,168,653
Total shareholders' funds		2,867,895		2,168,663

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of RICHMOND HILL ORTHODONTICS LIMITED (registered number: 07154773) were approved and authorised for issue by the Board of Directors on 13 January 2026. They were signed on its behalf by:

Dr R M Hennebry Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

RICHMOND HILL ORTHODONTICS LIMITED (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 64 Sheen Road, Richmond, TW9 1UF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of the net assets acquired. The difference between the acquisition cost and the expected residual value at the end of the useful economic life is identified as the depreciable amount. This amount is being allocated on an even annual basis over a useful life of 10 years from 1 April 2022.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	50 years straight line
Leasehold improvements	50 years straight line
Plant and machinery	4 years straight line
Fixtures and fittings	5 years straight line
Computer equipment	4 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	38		32

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 April 2024	3,189,823		3,189,823
At 31 March 2025	3,189,823		3,189,823
Accumulated amortisation
At 01 April 2024	328,647		328,647
Charge for the financial year	45,148		45,148
At 31 March 2025	373,795		373,795
Net book value
At 31 March 2025	2,816,028		2,816,028
At 31 March 2024	2,861,176		2,861,176

4. Tangible assets

	Land and buildings		Leasehold improve- ments		Plant and machinery		Fixtures and fittings		Computer equipment		Total
	£		£		£		£		£		£
Cost
At 01 April 2024	1,424,587		223,894		187,105		94,591		67,788		1,997,965
Additions	1,440		0		14,661		0		0		16,101
At 31 March 2025	1,426,027		223,894		201,766		94,591		67,788		2,014,066
Accumulated depreciation
At 01 April 2024	118,716		10,523		115,057		59,225		32,249		335,770
Charge for the financial year	28,511		4,478		38,699		13,094		16,883		101,665
At 31 March 2025	147,227		15,001		153,756		72,319		49,132		437,435
Net book value
At 31 March 2025	1,278,800		208,893		48,010		22,272		18,656		1,576,631
At 31 March 2024	1,305,871		213,371		72,048		35,366		35,539		1,662,195

5. Debtors

	2025		2024
	£		£
Trade debtors	139,540		154,202
Prepayments	41,965		54,279
Other debtors	10,242		33,212
	191,747		241,693

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans (secured)	1,216,555		78,367
Trade creditors	133,127		141,366
Amounts owed to associates	50,645		54,531
Amounts owed to directors	1,431,422		1,490,618
Accruals	71,783		53,028
Corporation tax	401,179		424,170
Other taxation and social security	24,855		15,055
Other creditors	36,973		32,624
	3,366,539		2,289,759

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans (secured)	267,213		1,488,445
Other creditors	0		137
	267,213		1,488,582

8. Provision for liabilities

	2025		2024
	£		£
Deferred tax	35,308		43,805

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
10 Ordinary shares of £ 1.00 each	10		10

10. Related party transactions

Transactions with owners holding a participating interest in the entity

	2025		2024
	£		£
Knightsbridge Orthodontics Ltd	57,991		54,531

As at 31 March 2025, Richmond Hill Orthodontics Limited owed £57,991 (2024 - £54,531) to Knightsbridge Orthodontics Ltd. This loan is interest free and payable on demand.